Summary by Moomoo AI
Bank of Montreal has announced the issuance of Contingent Risk Absolute Return Buffer Notes due January 24, 2028, linked to the performance of the Dow Jones Industrial Average, Russell 2000 Index, and S&P 500 Index. The notes offer 104% leveraged upside potential based on the least performing index, with a 20% downside buffer.The notes provide a positive return if the least performing index declines up to 20%, capped at a maximum downside redemption of $1,200 per $1,000 principal. If the least performing index declines more than 20%, investors lose 1% for each 1% decline beyond 20%, up to a maximum loss of 80% of principal. The notes do not pay interest and are subject to Bank of Montreal's credit risk.BMO Capital Markets Corp. is the selling agent. The notes will be issued in $1,000 denominations with CUSIP 06376CRP3. They are not subject to conversion under the Canada Deposit Insurance Corporation Act and will not be listed on any securities exchange.
